HIGHLIGHTS
- The yield on the 10-year Indonesian Government Bonds stood at 6.511% on July 24, 2025, slightly higher than 6.502% recorded the previous day. Meanwhile, UST 10yr yield rose by 3bps to 4.43% yesterday.
- Government bond transactions reached IDR41.02 trillion, primarily dominated by short-term tenors (< 5 years). This marked a slight increase from IDR40.94 trillion the day before, though still below the year-to-date (YTD) average of IDR49.91 trillion. Outright transactions amounted to IDR25.24 trillion, rising from IDR22.99 trillion recorded on the previous day.
- The total volume of corporate bond transactions was IDR2.36 trillion, also dominated by short-term tenors (< 5 years). This figure declined from IDR4.78 trillion in the prior session and remains below the YTD average of IDR3.25 trillion. Outright transactions stood at IDR2.36 trillion, down from IDR3.76 trillion previously.
- The Rupiah appreciated by 0.04% against the US Dollar to IDR16,287 from IDR16,293. Meanwhile, the Jakarta Composite Index (JCI) rose by 0.83% to 7,531 from 7,469. In the commodity market, Brent crude edged down to USD69.75 per barrel from USD69.83, while WTI Cushing crude rose to USD66.36 from USD66.21 per barrel.
GLOBAL UPDATES
- The ECB held rates at 2% in July 2025 and signaled a “wait-and-see” stance amid US trade uncertainty. With inflation at 2% and risks still high, President Lagarde said the Bank is well positioned to pause. Markets scaled back expectations for further cuts, while bond yields rose slightly on strong US job data. (Bloomberg)
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